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    Stock Market Today: Stocks Stay Aloft as Congress Nears Stopgap Deal

    by Kyle Woodley Oct 07, 2021 2 minutes

    A rally that started Wednesday afternoon continued throughout Thursday's session as Congress appeared poised to kick the debt-ceiling can down the road.

    Yesterday's buying was sparked by Senate Minority Leader Mitch McConnell's offer for Republicans to allow a short-term lift of the federal borrowing limit. Democrats mulled the deal overnight, and this morning, Senate Majority Leader Chuck Schumer announced that "we have reached agreement to extend the debt ceiling through early December, and it's our hope that we can get this done as soon as today."

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